Hillman Solutions Corp 2026年季度报告

FORM 10-Q Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted andposted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit and post such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule12b‑2 of the Exchange Act. (Check one): If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ TABLE OF CONTENTS Table of Contents (dollars in thousands) Table of Contents HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES (dollars in thousands, except for per share amounts) HILLMAN SOLUTIONS CORP. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES (dollars in thousands) 1. BASIS OF PRESENTATION The accompanying condensed financial statements include the consolidated accounts of Hillman Solutions Corp. and its wholly-ownedsubsidiaries (collectively “Hillman” or the “Company”). The accompanying unaudited financial statements include the condensedconsolidated accounts of the Company for the thirteen weeks ended March 28, 2026. Unless the context requires otherwise, references The accompanying unaudited Condensed Consolidated Financial Statements present information in accordance with accountingprinciples generally accepted in the United States for interim financial information and the instructions to Form 10-Q and applicablerules of Regulation S-X. Accordingly, they do not include all information or footnotes required by U.S. generally accepted accountingprinciples for complete financial statements. Operating results for the thirteen weeks ended March 28, 2026 do not necessarily indicate “Hillman Solutions Corp.," "HMAN Group Holdings Inc.," and "The Hillman Companies, Inc." are holding companies with no otheroperations, cash flows, material assets or liabilities other than the equity interests in "The Hillman Group, Inc.,", which is the borrower Nature of Operations: The Company is comprised of three separate operating business segments: (1) Hardware and Protective Solutions,(2) Robotics andDigital Solutions, and (3) Canada. Hillman provides and, on a limited basis, produces products such as fasteners and related hardware items; rod, shapes, and sheets;keys, key duplication systems, and accessories; personal protective equipment such as gloves, work gear, paint and cleaning wipesand cloths; rope and chain; builder's hardware; and identification items, such as tags and letters, numbers, and signs, to retail outlets, Reclassifications: Due to the segment realignment that occurred in the second quarter of 2025, certain amounts in the prior year Condensed ConsolidatedFinancial Statements and in the Notes to the Condensed Consolidated Financial Statements were reclassified to conform to the current 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies should be read in conjunction with the significant accounting policies included in the Form 10-K filedonFebruary17, 2026with the SEC. Use of Estimates in the Preparation of Financial Statements: The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to makeestimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at 5 | March28, 2026 Form 10-Q Share Repurchase Program: On July 31, 2025, the Board of Directors of the Company authorized a share repurchase program of up to $100,000 (the “RepurchaseProgram”) of the Company's common stock. The Company accounts for the repurchase of its common stock under the cost method.Under this method, the repurchased shares are recorded at their cost as a reduction of stockholders' equity. Upon repurchase, thetreasury stock account is debited for the cost paid, and the cash account is credited. When treasury shares are reissued, any excess of Revenue Recognition: Revenue is recognized when control of goods or servic